This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the economic order quantity (EOQ) model, the optimum order quantity is obtained by identifying ... (Read 119 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jul 6, 2018
In the economic order quantity (EOQ) model, the optimum order quantity is obtained by identifying where the total cost curve and the ordering costs curve intersect.
 
  Indicate whether the statement is true or false.

Question 2

The goal of the economic order quantity (EOQ) model is to maximize the total costs that are categorized as carrying costs and ordering costs.
 
  Indicate whether the statement is true or false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE
Explanation: The optimum order quantity is obtained by identifying where the carrying costs curve and the ordering costs curve intersect.

Answer to Question 2

Answer: FALSE
Explanation: The goal of economic order quantity (EOQ) is to minimize, not maximize, the total costs that are categorized as carrying costs and ordering costs.


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Heart Anatomy Model Heart Anatomy Model
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
economic question economic question
economic question economic question
economic question economic question
A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ... A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ...
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library